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Define cooperative organisation. Explain...

Define cooperative organisation. Explain any three features of cooperative organisation.

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Cooperative organisation is a society which has its objectives for the promotion of economic interest of its members in accordance with cooperative principles.
Features of cooperative organisation:
1.Voluntary membership :- Any person of 18 years and having a common interest can become it's member and free to join and leave the society.
2.Legal status :- Registration of a co operative society is compulsory after registration a society becomes a legal entity.
3.Service motive :- There societies is formed with a service motive rather than maximisation of profit.
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